Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Burden of proof is on Costello to prove that seeking alpha statements were false.
He already admitted that he didn't go to HBS.
Discovery will be hilarious.
Because anyone can send a cease and desist letter. If the author has cajones, he'll ignore it or double down with another article.
This is how these groups operate.
Guessing he sold at the bottom today
Picked up more shares when Long Face sold. It's like printing money.
The "deal" will likely be more toxic debt. Jody loves signing those notes
Deliver the goods Bob!!!
Mid September for 10q? Is that what we're thinking?
So under the radar, you need sonar to find this ticker!
Need this board to pick up!
My sell order filled EOD. I think you guys are in good shape for tomorrow though. Float is low, and when this thing runs, it really runs.
Will get back in if I see a good entry.
Good luck!
Starting to get excited about this!
Looks like a bounce. Might end green.
Typical dilution scam. Even the pumpers have a hard time pushing this with a straight face.
The companies "tech" can be replicated by high school kids at a science fair.
Holding Confederate money through the civil war
Will probably seem like a good investment compared to this dilution pig.
Yeah, you're right - no such thing as accounting fraud anymore.
Also, the only audited financials we have here are for the shell.
$9K on the balance sheet. I mean, wow. That's pathetic. No wonder Jody keeps signing those convertibles. Gotta keep paying off those expense accounts.
Also, almost $4M in intangible assets? Their tech could be replicated by a high school kid at a science fair. Countless companies have similar tech. One example:
http://www.qleantech.com/technology
PCTL has almost no cash. The 300M A/S (and soon to be O/S) is only the current structure. Please explain to me how PCTL does an equity deal or toxic financing without raising the A/S significantly. You can't.
It's all pixies and fairy dust here. And bag holders.
Showed up on my radar Friday. Hoping for a bounce here
Still trying to figure out where all the volume went
Still waiting for copper. Going to paper the walls with my shares.
Fingers crossed that we can break that $0.02 barrier!!!
Bob needs to quit watching Saturday morning cartoons and get a deal done.
Eating fruit loops in front of the TV isn't going to cut it.
Enron had audited financials and PLENTY of conference calls. Are you saying that they weren't a fraud?
Flippers forced Jody to sign all those toxic notes and miss all the filing dates? Are you sure you don't have a CEO problem?
Sounds like flippers are just making money on the volatility. Noteholders are making money by printing shares.
Longs will probably end up holding the bag.
Any day now PTAM. Any freaking day.
Costello is threatening legal action against people who say mean things about him?
Lol. This thing has totally jumped the shark.
Steven Ross' 25 million shares weren't includes in the Costello transaction. Presumably he still owns 9.98% of the company.
And Costello claims he's never heard of him. A guy who owns 10% of the company. Yet, he'll talk to any clown from ihub who calls his phone number.
Righhhhhhhttttttt
PCTL issued $500K in convertible debt between jan - March. By the time the notes are finished converting, 220 million shares will have converted at an average of $0.02. that's $4 million dollars in combined profit for the noteholders or 8x original investment in 6 months. Ouch.
No one is trying to buy your shares cheap. If we want shares, the noteholders will sell us as much as we can buy.
Why on Earth would anyone do an equity deal with Jody when they can just sign a new convertible note? I'm sure you guys will buy up all the diluted shares on the next pump!
Jody triples the share count, and you guys triple the price. Brilliant.
I'm sure the noteholders will send everyone here a big thank you note when they're done converting.
Dilution scams are basically IQ tests.
You all fail.
If the A/R goes to a billion what will happen to the share price? What about five billion?
A/R is going up, only question now is by how much.
Odds of an equity deal are pretty low. Jody loves signing those immediately convertible notes. Can't wait to see the spin machine go into overdrive if he takes on more toxic notes.
What's this thing even called again? The annilihizer? Sounds made up.
Paying Convertible Toxic Lenders
PCTL
Why do an equity deal when Jody has a track record of offering immediately convertible notes for cash? You would have to be a complete idiot to buy equity. In either case, AR is going up!
This turd needs a good green week.
Bob better get off the golf course and start working the phones
I think Justin scammed the ringleaders of this whole outfit. They're probably kicking themselves for buying his Harvard schtick.
This thing was well orchestrated though. I'm actually impressed.
You're right. It's basically sterilized water from a large, ugly overpriced machine. That's in like three locations. Nothing Earth shattering here.
Has anyone ever posted a picture of the actual machine in one of the cited hospitals? Could have just gotten someone from procurement to buy it and mothball it. I have a hard time believing a serious hospital administrator would spend money on a glorified water fountain. Even the name is dumb - sounds like the name of a weapon a five year old would think up.
On March 18, Jody signed a $75K note immediately convertible to company stock at a 50% discount to the lowest trading day in the last 25 trading days.
Literally in the 10q. Worst deal ever. Good old Jody - screwing shareholders.
What's easier? Closing an equity deal with some newly created Canadian shell? Or signing a convertible note and riding the cash?
You would need to be living under a rock not to see this.
How high will the new A/S go? A billion? Five billion? Smells like an 80% haircut to current prices to me.
Done with this board for a while. Off to drop some DD on my favorite dilution pig board.
Ready for some ask slapping Monday!
They've got those guys working in shifts. Wonder if they have to call in sick if they can't make it to their time minding the board.
Hid all my shares under the floorboards. Will bring them out again when we're a couple of legs up.